Finance Manager at Infrastructure Credit Guarantee (InfraCredit)

Infrastructure Credit Guarantee (InfraCredit) provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria.

This entity is necessary because long term capital required by infrastructure entities/projects to be commercially successful is not available from the domestic banking market. InfraCredit’s guarantees would act as a catalyst to attract investment interests from pension funds, insurance firms and other long-term investors, thereby deepening the Nigerian debt capital markets. Its successful operation will address the constraints facing the Nigerian pension market and motivate their involvement in investing in long term bonds to finance infrastructure assetsJob Summary

To ensure robust financial analysis, sound investment decision-making, and effective execution of the TCDD process, InfraCredit seeks to engage the services of a Finance Manager to provide financial management and operational finance support for GHREF. This role will be responsible for overseeing the financial operations of GHREF, including budgeting, financial planning, accounting, financial reporting, fund administration, disbursement tracking, compliance, and financial controls. The Finance Manager will support effective financial governance and ensure that all GRHEF activities are implemented in accordance with approved budgets, donor requirements, internal policies, and applicable accounting standards. The Finance Manager will work closely with the transaction team, including Transactors, Transaction Legal, and Transaction E&S, and other stakeholders to support financial decision-making, monitor facility utilization, manage financial documentation, and ensure timely reporting on the performance and operations of the Facility. The Finance Manager will also contribute to strengthening financial systems, improving operational efficiency, and enhancing transparency and accountability across GRHEF activities.

Scope of Work:

The Finance Manager’s responsibilities shall include, but not be limited to, the following:

Financial Management and Budget Administration 

Manage the day-to-day financial operations of GRHEF, including budgeting, accounting, cash flow monitoring, and expenditure tracking. 
Prepare and monitor annual budgets, workplan budgets, and financial forecasts for GRHEF activities. 
Track utilization of facility funds and ensure expenditures remain within approved budgets and funding allocations. 
Support processing and monitoring of payments, consultant fees, operational expenses, and disbursements related to GRHEF activities. 
Maintain accurate accounting records and financial documentation for all facility-related transactions. 

B. Financial Reporting and Compliance

Prepare periodic financial reports, management accounts, budget performance reports, and expenditure summaries for internal and external stakeholders. 
Ensure compliance with InfraCredit’s financial policies, donor requirements, and applicable accounting standards. 
Support financial audits and provide required documentation and reconciliations. 
Monitor financial controls and identify any financial risks, discrepancies, or compliance gaps. 
Ensure proper documentation and filing of all financial records and supporting documents. 

C. Transaction and Operational Support

Support the financial administration of project preparation activities and consultant engagements under GRHEF. 
Review invoices, payment requests, and supporting documentation for completeness and accuracy. 
Coordinate with transaction teams and consultants on financial processes and reporting requirements. 
Support tracking of project preparation expenditures and operational commitments across the facility. 
Provide financial inputs and analysis to support management decision-making and operational planning. 

Fund Administration and Monitoring

Support administration and monitoring of GRHEF funding allocations and utilization. 
Track commitments, approvals, and disbursements across various workstreams and activities. 
Prepare fund utilization reports and financial dashboards to support management oversight. 
Monitor operational and administrative costs to ensure cost efficiency and accountability. 

Capacity Building and Knowledge Support

Support development of financial management templates, reporting tools, and budget tracking frameworks for GRHEF operations. 
Participate in internal training and knowledge-sharing initiatives on financial management, budgeting, and compliance processes. 
Contribute to strengthening financial management systems, controls, and operational processes within GRHEF. 
Document lessons learned and recommendations to improve financial reporting, fund administration, and operational efficiency. 
Support digitization of financial workflows and improved financial record management systems. 

Deliverables:

The Finance Manager shall be responsible for providing the following key deliverables:

Financial Reports and Management Accounts

Monthly, quarterly, and annual financial reports for GRHEF operations.
Budget performance and variance analysis reports.

Budgets and Financial Plans

Annual operating budgets and financial forecasts.
Financial models and projections supporting project and transaction assessments.

Financial Management and Operational Support Documentation

Budget monitoring reports, expenditure tracking reports, and financial performance analyses for GRHEF activities. 
Financial reconciliations, cash flow reports, and supporting documentation for operational and project-related financial management. 
Funding utilization and disbursement tracking reports to support effective programme implementation and accountability.

Compliance and Audit Documentation

Accurate financial records and supporting schedules for audits and compliance reviews.
Internal control and risk management reports.

Donor and Stakeholder Reports

Financial utilization reports and grant accountability documentation.
Periodic financial updates for development partners and stakeholders.

Financial Systems and Process Improvements

Improved financial templates, reporting tools, and workflow systems.
Recommendations to strengthen financial management and operational efficiency.

Expected Outcomes/Results:

The workstream is expected to deliver the following outcomes:

Strengthened financial management and operational efficiency of GRHEF.
Improved financial planning, budgeting, and reporting processes across the Facility.
Enhanced financial due diligence and project assessment capabilities for housing transactions.
Increased transparency, accountability, and compliance with donor and regulatory requirements.
Improved internal controls and risk management systems.
Strengthened institutional capacity for sustainable housing finance and transaction management.

Qualifications and Education Requirements:

Candidates for the role should meet the following requirements:

Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field, or equivalent qualification in a relevant discipline.
Professional qualification such as ACA, ACCA, CPA, CFA, or equivalent is mandatory.
Master’s degree in Finance, Accounting, Business Administration, or related discipline is an added advantage.
Minimum of 5–7 years of relevant experience in financial management, project finance, corporate finance, or investment analysis.
Experience working with development finance institutions, infrastructure projects, housing finance, or donor-funded programmes is an advantage.
Strong understanding of financial modelling, budgeting, forecasting, and financial reporting.
Familiarity with financial due diligence and transaction support processes.
Strong knowledge of accounting standards, financial controls, compliance, and audit processes.
Experience in Internal Control over Financial Reporting (ICFR) implementation and/or monitoring will be considered an added advantage.
Proficiency in Microsoft Excel, financial management systems, and accounting software (e.g. QuickBooks, Sage 50, ERP systems etc.).
Excellent analytical, communication, stakeholder management, and report-writing skills.